Prominent Fintech venture capital firm QED Investors has announced an expansion into Southeast Asia. It already invests in early-stage Fintechs in the U.S., U.K. and Latin America. Fintech in Asia has experienced a boom in early-stage ventures and while investments may ebb and rise it remains a hot market for financial innovation and should remain so for many years to come.
Some of its more prominent investments include names like SoFi, Klarna, Credit Karma, and more.
In a blog post, QED said they had appointed Sandeep Patil to help lead the charge.
Patil, who has an MBA from the London Business School, made his connection to QED when he worked at Capital One. He previously built Flipkart’s first Fintech products, including consumer and SME lending. He also spent time at Truecaller where he was Managing Director and CEO for India. Patil will be based in London.
QED says Patil reconnected with them last year when he began discussing the possibility of rejoining the VC. To quote Patil:
“Once I visited the team in Alexandria, that ‘zing’ really came back. The team is truth-seeking, solution-oriented, analytical, and thoughtful, and it magnified the scale of impact that one can have within the region.”
Nigel Morris, co-founder and managing partner of QED Investors, commented on QED’s entry into Asia:
“Over the past 13 years, QED has exported its deep fintech expertise around the world – Latam, the UK, and now India and Southeast Asia. It is clear that the fintech expertise we offer provides true value and we are thrilled that Sandeep will joining our team of experienced operators to act as a consigliere to founders around the Asian continent.”